Delta Global Management LP Purchases Shares of 6,847 Air Products and Chemicals, Inc. $APD

Delta Global Management LP purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,847 shares of the basic materials company’s stock, valued at approximately $1,867,000.

A number of other hedge funds have also recently made changes to their positions in APD. American Century Companies Inc. grew its position in Air Products and Chemicals by 10.4% in the 2nd quarter. American Century Companies Inc. now owns 57,639 shares of the basic materials company’s stock valued at $16,258,000 after acquiring an additional 5,430 shares in the last quarter. Platform Technology Partners boosted its stake in shares of Air Products and Chemicals by 683.0% in the third quarter. Platform Technology Partners now owns 7,164 shares of the basic materials company’s stock valued at $1,954,000 after purchasing an additional 6,249 shares during the period. Swiss National Bank boosted its stake in shares of Air Products and Chemicals by 7.4% in the second quarter. Swiss National Bank now owns 673,400 shares of the basic materials company’s stock valued at $189,939,000 after purchasing an additional 46,200 shares during the period. Rockland Trust Co. grew its holdings in shares of Air Products and Chemicals by 5.5% in the third quarter. Rockland Trust Co. now owns 52,590 shares of the basic materials company’s stock valued at $14,342,000 after purchasing an additional 2,741 shares in the last quarter. Finally, Barclays PLC increased its stake in Air Products and Chemicals by 16.4% during the 3rd quarter. Barclays PLC now owns 789,659 shares of the basic materials company’s stock worth $215,356,000 after buying an additional 111,317 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.5%

Shares of NYSE:APD opened at $289.39 on Tuesday. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $301.11. The company’s 50 day moving average is $274.08 and its two-hundred day moving average is $265.77. The company has a market cap of $64.44 billion, a PE ratio of -191.65, a P/E/G ratio of 2.82 and a beta of 0.88. The company has a current ratio of 1.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.97.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.12. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a negative net margin of 2.73% and a positive return on equity of 15.77%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.86 EPS. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $1.81 per share. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.5%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -474.17%.

Wall Street Analyst Weigh In

APD has been the topic of a number of research reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $315.00 target price on shares of Air Products and Chemicals in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft set a $255.00 price objective on Air Products and Chemicals in a research report on Wednesday, December 10th. Argus decreased their target price on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Wolfe Research reissued an “outperform” rating and set a $315.00 target price on shares of Air Products and Chemicals in a research note on Monday, December 8th. Finally, Bank of America raised Air Products and Chemicals from an “underperform” rating to a “neutral” rating and set a $275.00 price target on the stock in a research report on Thursday, January 8th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $299.12.

Insider Activity

In other news, Director Ridge Lp Mantle sold 70,175 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $284.21, for a total value of $19,944,436.75. Following the transaction, the director owned 93,499 shares in the company, valued at approximately $26,573,350.79. This represents a 42.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.88% of the company’s stock.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.